Amazon.com’s net sales hit $17.09 billion in Q3, up 24 percent from the comparable quarter last year, in which the company earned $13.81 billion.
The company announced its financial results for its third quarter today, and reported that its operating cash flow increased 48 percent to $4.98 billion for the trailing twelve months. In addition, the e-commerce giant revealed that its operating loss was $25 million in the third quarter, down from an operating loss of $28 million which the company experienced in the third quarter of 2012.
The company expects net sales to rise in Q4. Check it out: “Net sales are expected to be between $23.5 billion and $26.5 billion, or to grow between 10% and 25% compared with fourth quarter 2012.”
“It’s been a busy few months—we launched a new Paperwhite and new Kindle Fires to positive reviews and surprised people with the revolutionary Mayday button—average Mayday response times are just 11 seconds!” stated Jeff Bezos, founder and CEO of Amazon.com, in the release.